If my calculations are correct, I will be paying about the same with the current rents in place.

Quiet title can be done in 3 months if its done correctly and efficiently. 

Those who strike the correct in between balance are generally those who are most successful.

There were at least 6 or 7 prospective buyers in the basement at the time and not one corrected him.

Your assumptions sound correct. 

I agree with telling your insurance agency you are going to have a STR and get the correct insurance.I personally think 1 million liability is plenty.

I had a state corrections officer as a tenant who paid 2-3 weeks late virtually every month for over 3 years.

@Beck DeYoung you are correct.

I am trying to find the most relevant information for our strategy to ensure we get the best joint tax deduction options against MY W2 income.Is the following strategy correct?

If you are able, and I say IF you can find off market properties and you present your self to the seller as a wholesaler, that may be diffrent, but then you run into marketing real estate with out a license which if I understand correctly it's a criminal offense in nys.